First OMO purchase auction under RBI’s latest liquidity infusion measures gets huge response from Banks
The RBI sought to buy five Goverment Securities (G-Secs/ GS) via the OMO purchase auction from Banks. But it accepted offers aggregating Rs ₹20,020 crore (face value).
RBI Tightens Penalty Norms for Payment Systems Law Enforcement Actions
The Reserve Bank of India has revised penalty norms under the Payment and Settlement Systems Act to enhance enforcement actions against violations.
UPI gains traction among retail IPO investors
UPI gaining popularity for IPO applications, with increased transaction limit and faster processing times for retail investors.
India's central bank files bankruptcy application against Aviom India Housing Finance
India's central bank on Thursday said it has filed an application with a company tribunal to initiate bankruptcy proceedings against Aviom India Housing Finance. The move comes days after the Reserve ...
Nifty combined open interest hits seven-year high ahead of Budget, RBI MPC meet
When market participants' outstanding positions rise ahead of important events, it signals that they are expecting a big move.